WAIMANALO, OAHU (HawaiiNewsNow) - The house made famous in the "Magnum P.I." TV series has finally sold.
The Waimanalo estate sold for $8.7 million dollars, which was less than half of the original asking price.
After much speculation over who bought the house, it was revealed that the buyer is President Obama's close friend Marty Nesbitt, the chairman of the President's library search committee.
It was originally thought that President Obama bought the house for himself and Nesbitt was the intermediary, but Nesbitt's attorney confirmed that Nesbitt is the buyer.
The three acre "Pahonu" estate was built in the 1930's. It is unclear when Nesbitt will make his first trip to his new home.